Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
To provide investors with long-term dividends while preserving the capital value of its investment portfolio through investment principally in operational assets which generate electricity from renewable energy sources.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Topped up at 129.3p this morning, all renewables down on reports of windfall tax on electricity generators as well as oilies. Sunak casting his net wide than people thought, at least my shell shares haven't tanked.
TRIG used to be around parity with UKW, decisions made by management have meant we have now been left with approximately a 26p deficit in share price valuation. All down to management decisions I would suggest. We seem to be treading water presently in times where other renewables are heading north. I would have hoped for better foresight and choices than appear to have been made, wonder if there will be a change in their strategy.
Want to share some analysis on the recent increase in electricity prices and impact on share price of TRIG. The two don't always seem correlated, but from the renewable energy yieldco sector, TRIG seems better placed than most to benefit from exposure to short-term price movements: https://riverotter.co.uk/2022/04/20/electricity-prices-and-renewable-energy-yieldcos/ Thoughts welcome as always :-)
I bought some this morning at 133.75, wanted some more for my isa but primary bid went let you buy in isa. Strike price was 132p & offer was oversubscribed, so I knew I'd have to pay over the 132p. Trig was 140p in last month. The only lesson I've learned from trig & ukw is to buy at or after a rights issue before the price rises too much. Most of the new shareholders will want to see more than a few pence rise & will view as an investment rather than a trading opportunity. All only imho.
I find it slightly surprising that today (28 March), when in theory the market will be "awash" with some 9.2% more, new, TRIG shares, bought at a discount (to market price), that as I write the share price is actually *up*!
Oh well, one day I might actually understand how the market works...
I'm not complaining, mind, as I did buy a few more in the market while the price was depressed because of the fund-raising.
Mike.
I really hate Primary Bid offers. No doubt they are good for the company issuing shares - a cheap, low hassle, quick way to get money.
They always say they value retail investors, but of course that doesn't necessarily mean existing private shareholders. You can't have them in your ISA. And many people will hold a high yielding share like TRIG in their ISA. If you want to use money in your brokers accounts, you have the hassles of moving money from broker to bank account & then paying by card. They are only available via mobile ap. Why they can't do it on their website is beyond me. Mobiles with small screens and small keypads is just asking for mistakes inputting figures.
I would love all shareholder to write to the company asking them never to use PB again (unless they change their rules to make applications available via brokers.) Also write to Primary Bid to suggest offers are available via their website and preference should be given to existing shareholders.
Mike I know the feeling well. I resisted the forces of technology as long as possible, but had to submit, not my norm.
I am not invested here, but having received the PB offer this morning came to the site. I have not researched this business as yet, and confess the offer gives little or no discount. As you say any Investor, existing or otherwise are probaly better to buy in the market and not take up the offer.
AIMO DYOR as I will.
fairdealer20,
Thanks for educating me further about PB. One day it looks as if I'll have to "bow to the inevitable" and get a smartphone.
In the meantime, as I only wanted to do a small top-up and round-up on my TRIG holding, I'll probably just buy in the market while the price is depressed - I'm due to receive a couple of dividends from elsewhere in the next couple of days.
Mike.
MikeM14
Yes sorry you are correct, my error.
Hi, can someone please explain what "cannibalisation" means in the RNS today ?
i'm not sure i fully understand this risk so woudl appreciate any thoughts from the group.
Mike, like you I am a bit of a dinosaur. My account with PB with orginally set up online, however PB changed their systems last autumn, requiring account holders to use their app. I managed to do it using my samsung phone.
Thanks IP3LY for the explanation of how PB works. I evidently didn't read their website properly. However (and please correct me if I'm wrong) you need a smartphone to use PB - being the luddite that I am, I don't have a smartphone so couldn't use it anyway.
Mike.
Have a PB account and it is a requirement to Nominate the Broker who will tecieve the allocated shares.
Details of Broker and account are required when setting up PB account.
If the Offer is Oversubscribed PB will refund the excess funds immediately.
@MikeM14 - PB just helps you buy the stock or share at a ‘discounted’ rate and then sends the bought stock and share to your chosen broker or dealing account - nothing sits in PB app or account.
You are right MikeM14 - it is a minimum of £250. As I have same offer/notification.
@Gerry: It goes through to whichever Broker that is setup on PrimaryBid when or if you have bought from PB before. Otherwise you can instruct which Broker from a selection of Brokers. Just make sure the Broker you select actually buys/sells TRIG (in this instance) otherwise it will bounce - and will take you ages getting your money back if the Broker does not even have TRIG in its portfolio.
Hope that makes sense. GLA :)
Paul2566,
Sorry, but I think your 2nd sentence in your 08:19 post is incorrect. It's not a limit of £250, but a minimum of £250. From the RNS announcement:-
"There is a minimum subscription of £250 per investor under the terms of the Primary Bid Offer which is open to existing shareholders and other investors subscribing via the PrimaryBid mobile app.".
Gerry557,
I'm not sure whether you actually go through a broker at all when using PrimaryBid. I haven't used it myself, but I looked at it briefly "last time" and decided that it wasn't for me. It seemed to me (I may have misunderstood, though) that by using Primary Bid you'd end up with various small pockets of shares in Primary Bid which would then involve money, hassle and delay if you wanted to get them moved to your normal broker/platform to consolidate with the pool of shares which was your main holding.
I agree, as an existing holder, that this "disapplication" of pre-emption rights is somewhat annoying, but, as you say, it makes such fund-raises easier for the Company (and shareholders voted for it...). Last year's "Share Issuance Plan" was due to time-expire on 4 March (2022) and still had "headroom" left - I don't know why they didn't use that (or start a new one).
Mike.
It's common for the price to drop close to the offer.
I donk know which brokers allow buying via Primary Bid especially if you want them in an ISA.
If you are limited to £250 it's probably more hassle than reward although I deleted the app 5 min after signing up last time I looked for something.
They don't help existing shareholders much but it does help the board. Why not at the start of the tax year too rather than at the end when allowances are used up.
It would apper that the market is also not impressed with a 3.4% drop in the SP as I type.
It would appear that new ordinary shares are being offered on a Primary Bid Offer, with a minimum bid price of £1.30.
Existing shareholders and new shareholders are limited to an investment in the new shares to £250, so as far as I can tell there is no preference offered to existing holders.
The Company will use the funds raised to repay amounts drawn under its revolving credit facility (the "Revolving Credit Facility") and to meet near-term funding requirements.
I assume that the new shares will be allocated in a top down manner, with those bidding highest being filled first.
Speaking only for myself I see little benefit in bidding since the minimum bid of £1.30 falls within the last months trading range which shows lows of £1.26, so I will be passing this up.
I appreciate my holding will be diluted by the new issue, and expected this in an expanding business, but thought some preferential treatment of existing investors might be forthcomming in this equity raise.
I am not impressed, I only hold a relatively small investment of 11510 shares in this stock, and hold a similar number of UKW. Over the past couple of years, including dividends UKW is showing me a 27.26% gain, with TRIG showing a 10.1% gain.
Don't get me wrong, I think both are good investments and should even out over the long term, but with this attitude towards existing investors, I am questioning if my investment might be better placed elsewhere and will be reviewing my options.
I must confess I'm surprised not to see more money moving into this stock.
With current events, I see this as a very good long term play, offering a reasonable dividend and what I percieve as growth potetential in the years ahead.
The only cloud on the horizon is the increased cost of equipment, labour etc. when constructing new sites, and debt.
But overall I see this as a solid play.
The current situation in the Ukraine, and Russian attitudes to Europe will I suspect only hasten moves to other power sources and present an opportunity for stocks like UKW
Nice to see a little blue in a sea of red today.
Extremely disappointed by the increase in the dividend going forward. Last year I believe they kept the dividend the same with no increase. I was expecting much more on this front when you consider the rate of inflation, not good at all.
Perhaps they need to review there cosy relationships and ongoing costs with res and InfraRed.
The trouble with defensive stocks is you never know jow good they are in a portfolio till you need them.
I don't see management can make mistakes of execution. The business structures are designed to take all that out. The fields are spread across countries that don't/havn't defaulted on payments. It is about as risk free as you get. The Sp growth is way into the bottom end of my assets and the divis can be beaten. The only upside is it is very defensive and it is nice to have some defensive stocks.